BNP Paribas Financial Markets Acquires 29,365 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

BNP Paribas Financial Markets increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 493.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,311 shares of the financial services provider’s stock after purchasing an additional 29,365 shares during the period. BNP Paribas Financial Markets’ holdings in Goldman Sachs BDC were worth $486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Goldman Sachs BDC by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after buying an additional 255,458 shares in the last quarter. Marshall Wace LLP acquired a new position in Goldman Sachs BDC during the second quarter worth $18,533,000. J.W. Cole Advisors Inc. bought a new position in shares of Goldman Sachs BDC during the third quarter valued at $526,000. Naviter Wealth LLC boosted its stake in shares of Goldman Sachs BDC by 55.3% in the 2nd quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider’s stock valued at $2,032,000 after purchasing an additional 46,760 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Goldman Sachs BDC by 18.1% in the 2nd quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider’s stock worth $4,554,000 after purchasing an additional 46,369 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 0.3 %

GSBD stock opened at $12.87 on Friday. The business has a fifty day moving average price of $13.18 and a 200 day moving average price of $14.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC, Inc. has a fifty-two week low of $12.67 and a fifty-two week high of $15.94. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 18.38 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The company had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the company posted $0.64 earnings per share. Analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 13.99%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.